MSX trading value tops RO 90.1 million in January 2024

msx
msx

Muscat Stock Exchange trading value rises 9.6% to RO 90.1 mln in January 2024

Muscat: The Muscat Stock Exchange (MSX) recorded a number of positive results in January 2024; Trading value increased by 9.6 percent from its level in December 2023, and the main index recorded an increase of more than 1 percent, while the number of executed transactions and the market value of public joint-stock companies listed on the stock exchange increased.

Trading data issued by the Muscat Stock Exchange indicated that the trading value rose last January to about RO 90.1 million, compared to RO 82.1 million in December 2023, and RO 52.4 million in January 2023, the number of transactions executed in the month increased. Last January, there were 21,265 deals, compared to 16,683 deals in December and 9,342 deals in January 2023.

OQ Gas Networks shares accounted for about 20 percent of the total trading value, with transactions worth about RP 17.7 million. Last month, the company distributed cash dividends of 7.6 baisas per share, and the sixth issuance of sovereign sukuks witnessed trades worth RO 10.7 million, acquiring… About 12 percent of the total trading value.

While Bank Muscat shares witnessed trades worth RO 9.4 million, representing 10.4 percent of the total trading value, Omantel ranked fourth among the most traded companies in terms of trading value with RO 9.1 million, and the third issuance of sovereign sukuks came in fifth place with trades worth RO 9.1 million. About RO 8.1 million, representing 9 percent of the total turnover.

The market value of public joint stock companies rose at the end of last January to RO 9.7 billion, compared to 8.967 billion at the end of last December, recording gains of RO 40 million.

However, the total market value of securities listed on the Muscat Stock Exchange declined at the end of last January to RO 23.788 billion, recording losses of RO 13.4 million compared to their level in December 2023; Affected by the decline in the market value of the bonds and sukuk market by RO 152 million, reaching at the end of last month RO 4.279 billion, while the market value of closed companies recorded gains of about RO 100 million, rising at the end of last month to RO 10.5 billion.

The main index of the Muscat Stock Exchange rose at the end of last January to 4561 points, an increase of 47 points from its level at the end of December 2023. The main index had declined by 144 points last December and 154 points in January of 2023, and the services sector index recorded a positive performance, rising by 4 points. While other sectoral indices declined by varying percentages.

Last January witnessed an increase in the prices of 35 securities, compared to 40 securities whose prices declined, and 21 securities that stabilized at their previous levels. Oman Investment and Finance stock recorded the best rise, rising by 26.7 percent and closing at 90 baisas, and Al Hassan Engineering stock rose by 25 percent and closing at 10 baisas. Dhofar Food and Investment shares rose to 58 baisas, up 23.4 percent. Dhofar Insurance’s stock topped the losing stocks, declining by 15.6 percent and closing at 210 baisas, Oman Arab Bank’s stock fell by 14.4 percent and closing at 120 baisas, and Muscat Finance’s stock fell to 45 baisas, recording a decline of 13.4 percent.

Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.